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(MagnaElectr) Magna Electr complete technical analysis [charts+indicators] | Buy/Sell Magna Electr | (MagnaElectr) share price targets

Complete technical analysis of Magna Electr (MagnaElectr) by charts plus indicators, forecast predictions and share price targets for Magna Electr (MagnaElectr)

10 day averaged volume of Magna Electr is 2467

Date Daily Closing Price Open High Low Volume
08 Thu Dec 2022 389.45 419.00 419.00 386.05 1.569 times
07 Wed Dec 2022 406.00 395.75 410.00 395.75 0.711 times
06 Tue Dec 2022 394.05 397.00 397.00 386.00 0.514 times
05 Mon Dec 2022 397.00 389.00 408.95 389.00 1.176 times
02 Fri Dec 2022 394.40 410.00 419.80 390.00 1.462 times
01 Thu Dec 2022 404.90 426.00 426.00 393.30 2.274 times
30 Wed Nov 2022 414.00 416.00 422.30 406.10 0.927 times
29 Tue Nov 2022 416.00 420.00 429.00 405.00 0.196 times
28 Mon Nov 2022 414.50 401.00 429.00 400.00 0.755 times
25 Fri Nov 2022 415.20 424.00 424.00 410.00 0.336 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 394.5, but if it comes above 394.5, then a intra day buy could be more profitable.
If you take a sell trade below 394.5, then use 394.5 as stoploss and 380.5 as target. However if you take a buy trade in stock , then use 394.5 as stoploss and 406.16 as target.

Share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Target 186.85
Downside Target 300.00
Downside Target 320.40
Downside Target 353.40
Downside Target 370.00
Downside Target 386.00
Upside Target 399.55
Upside Target 419.00
Upside Target 426.00
Upside Target 429.00
Upside Target 436.00
Upside Target 436.55

Intraday share price targets for Magna Electr (MagnaElectr)

Target Type Value
Downside Intraday Target 377.3
Downside Intraday Target 365.15
Upside Intraday Target 410.3
Upside Intraday Target 431.15
Upside Intraday Target 398.15

Weekly technical analysis of Magna Electr (MagnaElectr)

Date Weekly Closing Price Open High Low Volume
08 Thu Dec 2022 389.45 389.00 419.00 386.00 0.707 times
02 Fri Dec 2022 394.40 401.00 429.00 390.00 0.884 times
25 Fri Nov 2022 415.20 413.95 436.00 391.00 0.26 times
18 Fri Nov 2022 414.00 396.00 436.55 390.60 5.492 times
11 Fri Nov 2022 377.15 320.40 377.15 320.40 1.514 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Magna Electr (MagnaElectr)

Date Monthly Closing Price Open High Low Volume
08 Thu Dec 2022 389.45 426.00 426.00 386.00 0.199 times
30 Wed Nov 2022 414.00 326.15 436.55 320.40 2.754 times
31 Mon Oct 2022 338.00 330.00 353.40 301.10 0.291 times
30 Fri Sep 2022 318.95 370.00 370.00 300.00 0.266 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Magna Electr (MagnaElectr)

Indicator Name Indicator Value Indicator Signal
ADX 14, 16, 6 Sell
MACD 24, 31Sell
Stochastics 21Sell
CCI -73Sell
RSI 53Buy
OBV -30631Sell
VWAP 402Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Magna Electr ( (MagnaElectr) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Magna Electr stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Magna Electr in short term but the sell signal is initial and weak.

Magna Electr Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Magna Electr in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Magna Electr is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 401.64 and Magna Electr (MagnaElectr) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Magna Electr (MagnaElectr) stock. Volume based technical analysis of Magna Electr (MagnaElectr) stock is negative.

Magna Electr Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Magna Electr charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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